I think a lot of folks would like a classic Pacers team but it seems pretty apparent that Reggie and 2K are at some sort of impasse.
Separately, the goal of this thread was to try to find some classic squads that would not require too many (if any) additional player licenses. There didn't seem to be a ton of Pacers teams that featured a solid portion of the roster already included in 2K. I guess the '04 club would be in the ballpark, but would still likely fall a bit short. With Panda's Friend signing in China, that'd probably be even one less.
2004 Pacers
Jermaine O'Neal
Ron Artest*
Al Harrington
Jamaal Tinsley
Scot Pollard ('02 Kings)
Kenny Anderson (2K12 Legends Showcase)
James Jones
The last three played 32 playoff minutes combined with Jones not even making the playoff roster, so it'd seem to be a pretty splintered squad.
Maybe five players and no Reggie Miller is a tough get, though it'd be nice to have another opponent for a hypothetical '04 Pistons inclusion.